Long term bearish setup on this pair
We expect a pullback (sideways movement) on this pair
Expect more bearish trend on USOIL for the correction Wave B
Wait for the pullback before getting into the emerging bearish trend
Based on the structure on DXY, we may experience bearish trend on this pair
We may experience strengths on the USD across board. Structure suggests emergence of bullish trend on DXY
We may get a sell reaction here for up to 3.2967 price level
We have a Shark Pattern forming on M15 that suggest price should sell off from this zone soon. Check the overall trade idea on the Daily timeframe.
Expect price to pullback for the wave B any time soon especially after the News Release
Price has rallied over the week within the B wave. True Sellers may step in from current price level.
Price Seems to have completed the much anticipated Expanded Triangle formation. True Sellers may pick it up from this level now for LONG TERM SELL once USD gains strengths.
Look for reversal formation at current price level to go SHORT Remember to apply MM Good Luck
Overall Price direction on this pair (EURUSD) is bearish. We seems to have gotten to the turnaround point heading south. Watch out for reversal formation at CMP Good Luck